Synthetic Rubber Market 2018 to 2023: Leading Industry Players - LANXESS, The Dow Chemical Company, Versalis S.p.A., Asahi Kasei Corporation, JSR Corporation, ZEON Corporation, LGChem, Exxonmobil, Sumitomo Chemical Co. Ltd.

Market Overview:

Synthetic Rubber is a kind of elastic polymer mainly derived from petroleum byproducts. Synthetic Rubber possess various properties such as elasticity, oil resistant, durability, and excellent water repellant property which make them suitable for various end use industries such as construction, footwear, automotive & transportation, industrial, and others. Moreover, it is used for making polymer concrete for waterproofing, tires, hoses, conveyor belt covers, gaskets, tubes, and others.

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As per our Analysis, some of the prominent market factors and trends identified in the Global Synthetic Rubber Market include rapid urbanization, growing demand for durable rubber, and continuous growth of automotive & transportation sector. Rising population along with the increasing per capita disposable income is estimated to drive the growth of the market during the assessment period (2016 to 2023).

Intended Audience:

• Synthetic Rubber Manufacturers
• Traders and Distributors of Synthetic Rubber
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Regional Analysis:

The Global Synthetic Rubber Market is spanned across five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Among these, the Asia Pacific region is expected to grow with a highest CAGR during the review period, 2016 to 2023 due to stable economy and tremendous growth of automotive & transportation industry. The demand for synthetic rubber is estimated to propel in the various countries of Asia Pacific such as China, India, Vietnam, Thailand, Singapore, South Korea, Malaysia, and Japan on account of high adoption rate by the automobile manufacturers.

Segmentation:

The Global Synthetic Rubber Market is segmented on the basis of type, end use industry, and region.

On the basis of type, the market is classified into SBR, NBR, BR, EPDM, SBC, others. Other type include IR, IIR, and CR.

On the basis of end use, the market is categorized into construction, automotive & transportation, industrial, footwear, and others.

On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Global Competitors:

Some of the prominent players operating in the Synthetic Rubber Market are; LANXESS (Germany), The Dow Chemical Company (U.S.), Versalis S.p.A. (Italy), Kumho Petrochemical (South Korea), JSR Corporation (Japan), LGChem (SouthKorea), Exxonmobil (U.S.), Asahi Kasei Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), ZEON Corporation (Japan).

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